Sax Wealth Advisors LLC Acquires Shares of 4,811 Xylem Inc. $XYL

Key Points

• Sax Wealth Advisors LLC acquired a new stake in Xylem Inc. valued at approximately $575,000, purchasing 4,811 shares in the first quarter.
• Institutional investors own 87.96% of Xylem's stock, indicating strong institutional confidence in the company's future prospects.
• Xylem reported earnings of $1.26 per share for the last quarter, surpassing expectations and indicating a 6.1% year-over-year revenue growth.

Sax Wealth Advisors LLC purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,811 shares of the industrial products company's stock, valued at approximately $575,000.

Several other large investors have also recently bought and sold shares of the business. Kestra Advisory Services LLC raised its position in Xylem by 1.9% during the first quarter. Kestra Advisory Services LLC now owns 11,560 shares of the industrial products company's stock valued at $1,381,000 after buying an additional 214 shares during the period. Gitterman Wealth Management LLC raised its position in Xylem by 9.2% during the first quarter. Gitterman Wealth Management LLC now owns 5,828 shares of the industrial products company's stock valued at $696,000 after buying an additional 491 shares during the period. RPG Investment Advisory LLC raised its position in Xylem by 101.0% during the first quarter. RPG Investment Advisory LLC now owns 265,554 shares of the industrial products company's stock valued at $31,723,000 after buying an additional 133,411 shares during the period. Ameriprise Financial Inc. increased its position in Xylem by 9.7% in the 1st quarter. Ameriprise Financial Inc. now owns 1,910,172 shares of the industrial products company's stock worth $228,189,000 after purchasing an additional 168,766 shares during the last quarter. Finally, Norinchukin Bank The increased its position in Xylem by 15.4% in the 1st quarter. Norinchukin Bank The now owns 12,675 shares of the industrial products company's stock worth $1,514,000 after purchasing an additional 1,687 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on XYL shares. Royal Bank Of Canada upped their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Stifel Nicolaus upped their price target on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citigroup reiterated a "buy" rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Xylem currently has an average rating of "Moderate Buy" and an average price target of $152.29.

Xylem Stock Performance

Xylem stock traded down $0.23 during trading hours on Thursday, hitting $143.99. The stock had a trading volume of 938,149 shares, compared to its average volume of 1,454,101. The company has a 50-day moving average of $135.33 and a two-hundred day moving average of $126.72. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The company has a market cap of $35.05 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem's dividend payout ratio is presently 41.56%.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.